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confused overpayer
My mortgage is split 40k repayment and 50k interest only. To cover the predicted shortfall of my endowment policies i have been overpaying my mortgage by £500 per month for the past year at least. However, today when I received a mortgage statement the interest only part hadn't changed and the overpayment had been taken…
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First Direct - Anyone taken out the 4.75% fixed deal?
Hi, Has anyone taken out First Directs 4.75% 2 year fixed deal. it is stated as a fixed offset mortgage? however, is it possible to put just £1000 in the offset ammount and still benefit from the low 2year rate or am i missing something? how does this deal compare to YBS 4.95% 2yr fixed deal. I know the setup fee is £1499.…
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Payment break?
hi, had a mortgage with abbey for 5 an a bit years now, prob closer to 6. The prob is i am currently on maternity allowance and have a few debts etc and wondered how realistic it would be to ask them for a short payment break, even just a month or 2, then the mortgage fund would pay off a card or 2? Is this something that…
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Oversea mortgage for property in Mexico
Hi everyone I am a UK citizen living in Mexico and I am interested in buying a house here. I haven't lived here for 5 years therefore I am unable to get a mortgage from a Mexican bank. Therefore I've spoken to various companies in the UK such as John Charcol and they have advised me to speak to specialist foreign mortgage…
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NR together mortgage advice
Hi all, Basic facts bought house for 124k, valuation last Easter at 130k+. Was a bit of a state but we've completely renovated the place. Got 95% mortgage, plus borrowed the £6k 5% deposit with NR together package at 6.75% (had just moved back to UK & had no savings at all, and place we thought was a bargain). Joint income…
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interest only mortgages
we are first time buyers so have a few questions....is it possible to get an interest only mortgage but pay off the capital as and when possible in lump sums? would there be a fee for doing this? who are the best mortgage people for these type of mortgages at the moment? thanks hannah
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Time to remortgage
I'm sure everyones fed up of these questions now, but here goes. Our mortgage deal is due up next month so I need a new deal. Currently we have £137k over 18 years outstanding and are on a 5.8% discount tracker. Our current payments are approx £1050 The plan is to remortgage, use some savings to reduce the loan amount to…
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Northern Rock may be willing to negotiate early release fee
Hello everyone - sorry for a long post but I've tried to post all the details rather than just some of them! If you cant be bothered reading all of it the point is in the green text! :rolleyes: I was looking for a bit of advice - I've been reading up about the legality of early release fees and it seems the consensus is…
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Nationwide increase some tracker rates
If anyone was planning to take out one of the Nationwide tracker mortgages then you will have to act quick. From: http://www.nationwide.co.uk/mediacentre/PressRelease_this.asp?ID=1139
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I owe more than I borrowed?
Last year me and my partner bought a house, got a 100% mortgage through NR for 113500. Looking at the statement that came through after our first 12months we still owe 117k?? Is this normal? The rate we are on is 6.1%, we've taken one payment holiday but even still! We pay £655 a month so have paid over 7k through the…
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Is remortgaging the right way forward?
Hi, advice from those in the know would be greatly apprecited! We have £115,900 left to pay on our mortgage over 30.5 more years. The property is currently worth approximately £155,000. There is also a 5k further advance on the property. With a baby on the way and £30,000 worth of debt (including a CCJ of 5k and numerous…
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re mortgage for forein purchase, HELP!!!
Hi all, I was unsure where to put this post but thought here was most appropriate, it's a bit of a long one so get comfortable!! I have invested in an apartment with my brother in Bulgaria. The apartment cost 95700 EUROS. We have paid £20k already for initial installments and the remaining balance in Sterling is aprox…
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Fixed Rates Going Up ?? Advice Needed
Chaps & Ladies,Are fixed rate mortgages going back up? I have recently looked at the Leeds 4.99% fixed for 10 years only to find its been taken off the market todayI also hear other mortgage providers are upping there rates?Expertise required as I'm looking for a mortgage but was aiming to hold out for more competitive…
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Wanted: Advice on Paying a "Lump" Sum off the Mortgage
Hi everyone, I've just received my mortgage statement though today and am slightly depressed about how little I have actually paid off the capital balance this year, that I'm thinking whether to take some action. I have around 32 years left to run of an £85k mortgage. If for instance, I had a spare £5k this year, does…
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Insurance Help!!!
Hello! We are getting our first house, our mortgage advisor has recommended two policies - one for MPPI from Legal and General which covers death, accident and sickness. Its £49 per month for myself and husband. the other is for buildings and contents insurance (I'm already comparing prices with other insurers). Now my…
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help for a thickie please
hi having a very dumb moment--could someone help please???? I have £390000 left to pay on my mortgage, with 6yrs 10mnths to run. I overpay by £150 permonth. Question--should I continue to overpay monthly or save the money and take £2000ish off the capital once a yr?? please be gentle, don't know much:eek: many thanks
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The One Account - advice required please
Huge apologies if this has been duplicated elsewhere but I require some advice on the merits of the RBS One Account. I have 23 years left on a mortgage which currently stands at £215k - my 2 year fix (4.59%) is about to end. I am about to come into some money (just over 40k). The figures generated by the online calculator…
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Shares & Endowments Whats The Future Prospects !!
:confused: I would like to know what your feelings/opinions are for the future values of shares and endowments, in particular with Standard Life, I have seen my endowment lose nearly £900 in less than 2 weeks and the share price drop through the floor, with todays closing rate at £2.035. How long before the markets…
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Can I get a buy-to-let mortg if I live abroad?
I took up a job abroad in Jun 2007, got permission to let from the bank and rented out my flat. My introductory rate period is coming to an end and I need to remortgage but I have no salary or other income in the UK except the rent. I have been told that without a UK salary I will not get a mortgage. Is this right? My…
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Parental Guarantor/Student Mortgages...
I am in the process of discussing the possibility of a student mortgage with my parents as guarantor while I study at university. At the moment my parents want me to source some information on the subject. However, on searching the net I can only really find contact forms etc for an advisor to call to arrange the mortgage…
